What are the key global economic issues facing this years presidential candidates?
Lemmon: “There are several issues the candidates will face including the cost of the dual wars in Iraq and Afghanistan and the resulting ballooning federal deficit and the decline in purchasing power of the U.S. dollar. In addition, the increasing cost of a barrel of oil and the related impact on economic growth and inflationary pressures produce a very real transfer of wealth from the United States to oil producing countries. These issues, along with the general decline in the reputation of the United States around the world, produce a difficult set of problems that do not have easy solutions. Presidential candidates who possess the ability to address these issues with new policy initiatives that benefit both the business sector and individuals will have a better chance of being elected in November.” How should policy makers proceed in attracting international businesses to Michigan? To the United States? Lemmon: “There are three main issues that businesses focus on when looking to lo
